London, United Kingdom Online Community Manager
There’s an even faster way to get the money you earn hosting on Airbnb.
A new payout method called Fast Pay delivers your earnings within 30 minutes, even on weekends and holidays. Other methods, including bank transfers, can take up to five business days.
Fast Pay is available for a small fee to Hosts with an eligible U.S. Visa or Mastercard debit card.
Read more about it on the Resource Center.
What’s your preferred payout method? Share your tips for staying on top of your earnings and expenses.
My preferred payout method is Payoneer, but it comes with a small bug - I can't link it with my Airbnb account ever since I've got a new card issued. I have an open thread with CS for more than 2 months already and they obviously cannot help me.
I don't get it, it should be simple!
Dear @Bhumika thank you for taking such efforts 🙂 30 minutes ago we made some.progress, and now I am waiting for.my new account to be verified, hope.this time.it will work! I will keep you posted!
I prefer a faster payout as it enables me to use the money for expenses or investing and creates better cashflow. Nobody wants to wait for their money. I will definitely take advantage of this when available.
@Karen114 at 1.5% for what is a weeks improvement in payment speed this is an horrendous effective interest rate. in simple terms (ie not compounded) its an annual interest rate of 75% - I am sure someone cleverer than me could do a proper calculation.
You would be better off taking out a commercial loan.